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J. Crew files for bankruptcy protection in COVID-19 fallout

作者:admin 2020-05-19

J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic.The New York 阅读全文

Tesla tumbles after tweet from Elon Musk says stock too high

作者:admin 2020-05-19

Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was overly expensive.“Tesla stock price is too high,” Musk said on Twitter in one of several unu 阅读全文

‘MY MISTAKE’: Warren Buffett’s Berkshire sells entire stakes in U.S airlines

作者:admin 2020-05-19

Berkshire Hathaway Inc sold its entire stakes in the four largest U.S. airlines in April, chairman Warren Buffett said Saturday at the company’s annual meeting, saying “the world has changed” for the aviation industry.The conglomera 阅读全文

Phone service offering free help to Ontario small businesses

作者:admin 2020-05-19

One phone service is answering the call to help struggling small businesses in Ontario.Callture Communications is offering its office phone service for free to small businesses in the province while people work from home due to the COVID-19 pandemic. 阅读全文

Jeff Bezos, Elon Musk getting richer during pandemic: Report

作者:admin 2020-05-19

The combined wealth of America’s billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Stu 阅读全文

Pandemic threatens to put some deeply in debt: Expert

作者:admin 2020-05-19

Many Canadians facing unstable employment during the COVID-19 pandemic will likely end up deep in debt if they don’t have savings to get them through the hard times.And while the federal government has offered financial relief programs — 阅读全文

Oil crash pummels stocks and bond yields

作者:admin 2020-05-19

NEW YORK — Stock markets around the world fell on Tuesday, as oil prices hit a two-decade low a day after some U.S. crude oil futures turned negative for the first time ever, underlining worries about deep economic damage from the coronavirus p 阅读全文

Amazon.com sees possible second-quarter loss as it forecasts $4B in COVID-19-related costs

作者:admin 2020-05-19

Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19, providing staff with protective 阅读全文

Google to make verification mandatory for all advertisers

作者:admin 2020-05-19

Alphabet Inc’s Google said on Thursday all advertisers would have to complete a verification process before buying ad space on its platform, starting this summer, in a bid to make its ad practices more transparent.Advertisers will need to submi 阅读全文

U.S. car rental company Hertz to lay off 10,000 staff

作者:admin 2020-05-19

U.S. car rental company Hertz Global Holdings Inc said on Monday it plans to lay off 10,000 employees to cut costs amid the economic fallout of the COVID-19 pandemicThe company will incur employee termination costs of about $30 million, it said in a 阅读全文